Most Powerful Women: Asia-Pacific

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Six different countries are represented this year—but mainland China takes the lion’s share, with 11 spots on our 2015 list, up from 10 last year. Another big change: More and more of our MPWs are self-made businesswomen with no political connections or ties.

Lucy Peng

CEO, Ant Financial; Chief People Officer, Alibaba, Alibaba Group, 42

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Lucy Peng, CEO, Ant Financial and Chief People Officer, Alibaba

Photograph by Wang Chuan—Imaginechina

A former econ teacher who shuns the spotlight, Peng has two high-profile roles with China’s e-commerce giant Alibaba. She is Chief People Officer—overseeing the 35,000 people working for the company—and CEO of Ant Financial, Alibaba’s financial arm, which was reportedly valued at $50 billion in June and is expected to go public in China within the next two years. Among Ant Financial’s six divisions is Alipay, an online payment business with 300 million users that handles more than 80 million transactions per day. —Erika Fry